Welcome to our regular Monday recap of the most important fundamentals that influenced our trading during the past trading week.
It brought some interesting data that are worth recalling.
Read more to stay in the loop!
EUR
Last trading week, we were expecting some data from the Eurozone that showed us that the recession was around the corner.
CAD
At its last meeting of 2022, the Bank of Canada raised the target overnight interest rate by 50bp to 4.25%, which was in line with market expectations.
AUD
The Reserve Bank of Australia raised the key interest rate by 25 basis points to 3.1%, which was also in line with market forecasts.
And what's in store for the current trading week?
The start of the week will be relatively quiet. Starting on Tuesday, we will be keeping a close eye on incoming data on the current inflation rate from several countries.
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